Saudi Arabia is the world’s second-largest source of international remittances, with expatriates sending over $38 billion to their home countries annually. For millions of workers living in the Kingdom, finding a reliable and affordable way to send money home is essential.
The remittance landscape in Saudi Arabia has transformed dramatically in recent years. Digital wallets and fintech apps now compete with traditional bank services, offering faster transfers, better exchange rates, and greater convenience. Whether you’re sending money to India, Pakistan, the Philippines, Bangladesh, Egypt, or anywhere else in the world, understanding your options can save you both time and money.
This guide explores the most reliable money transfer services available in Saudi Arabia in 2026, helping you choose the right option for your needs.
Digital Wallet Services
Barq
Barq has rapidly become one of Saudi Arabia’s most popular digital wallets since its launch in 2024. The platform attracted over 1 million users within just three weeks and has continued growing steadily.
Licensed by the Saudi Central Bank, Barq operates through partnerships with Thunes, Western Union, and other international financial institutions. The service enables instant money transfers to over 200 countries through multiple delivery options including bank deposits, mobile wallets, and cash pickup.
Key Features:
- 24/7 instant transfer capability
- Partnerships with Western Union and Thunes network
- Access to billions of digital endpoints globally
- Competitive exchange rates
- User-friendly mobile app
Barq offers higher monthly transfer limits (SAR 100,000) compared to many other digital wallets, making it suitable for those who need to send larger amounts. The app is available on both iOS and Android platforms.
Customer Support: 8001000077
STC Bank (formerly STC Pay)
STC Pay evolved into STC Bank in January 2025, becoming a fully licensed digital bank. With millions of users across Saudi Arabia, it remains one of the Kingdom’s most established digital financial services.
The service partners with Western Union and recently announced a collaboration with Mastercard Move to enhance cross-border payment capabilities to 120 countries. STC Bank supports various delivery methods including direct bank account deposits, UPI transfers to India, and mobile wallet options for popular destinations like the Philippines.
Key Features:
- Full digital banking license from SAMA
- Integration with Western Union network
- Mastercard Move partnership for faster transfers
- UPI support for India transfers
- Multiple delivery options
The service is particularly popular among long-term residents due to its integration with other STC services and widespread recognition in the market.
Customer Support: 800118008
Tiqmo
Launched in 2024 and licensed by the Saudi Central Bank, Tiqmo has quickly established itself as one of the fastest-growing digital wallets in Saudi Arabia. The platform’s strategic partnership with MoneyGram provides access to over 200 countries and territories.
Through this partnership, Tiqmo users can reach more than 5 billion digital endpoints and over 480,000 MoneyGram locations worldwide, with support for transactions in over 120 currencies.
Key Features:
- MoneyGram global network access
- Bank account transfers
- Digital wallet transfers
- Cash pickup options
- Bill payment services
- Mobile top-ups
Tiqmo is a subsidiary of Ajlan & Bros Holding Company and has been designed specifically to meet the needs of Saudi Arabia’s expatriate community, particularly for transfers to major recipient countries like India, Pakistan, Bangladesh, Philippines, Egypt, Indonesia, and Nepal.
UrPay (Al Rajhi Bank)
UrPay is Al Rajhi Bank’s digital wallet solution, offering seamless integration with Tahweel Al Rajhi’s extensive money transfer network. The platform recently partnered with Western Union to expand its international transfer capabilities.
Key Features:
- Integration with Tahweel Al Rajhi services
- Western Union partnership
- Access to Al Rajhi Bank’s correspondent network
- Regular promotional offers
- Mobile app convenience
With over 6.5 million users, UrPay provides an integrated experience combining payments, mobile top-ups, exclusive deals, and money transfers in one platform.
Traditional Bank Transfer Services
SNB QuickPay (Saudi National Bank)
SNB QuickPay is one of the most popular and widely-used money transfer services among expatriates in Saudi Arabia. Known for its extensive network and convenience, QuickPay has established itself as a top choice for international remittances.
The service offers 24/7 money transfer capabilities through multiple channels including SNB ATMs, the SNB mobile app, phone banking, and QuickPay centers across the Kingdom. With partnerships with major banks worldwide and MoneyGram, QuickPay ensures swift and secure money delivery.
Key Features:
- Over 2,000 SNB ATMs nationwide
- 24/7 availability through multiple channels
- Free ATM card with no minimum balance requirement
- Support for 7 languages (Arabic, English, Urdu, Tagalog, Bahasa, Hindi, Sinhala, Malayalam)
- Partnership with MoneyGram for global reach
- Multiple delivery options: account-to-account, cash pickup, door-to-door
Transfer Fees:
- QuickPay: SAR 18.40 (including VAT) for most countries
- Pakistan transfers: FREE
- MoneyGram transfers: Starting from SAR 20.70 (including VAT)
How to Open QuickPay Account:
- Visit any QuickPay center with valid Iqama (How to check iqama validity)
- Receive ATM card immediately
- Start transferring within minutes
QuickPay regularly runs promotional campaigns where customers can win prizes including gold and cash rewards for making international transfers.
Customer Service: 920000330 (available 24/7)
Tahweel Al Rajhi (Al Rajhi Bank)
Tahweel Al Rajhi represents one of Saudi Arabia’s largest and most established money transfer networks. Operating through over 135 centers and 520 branches across the Kingdom, it offers unmatched physical presence for those who prefer in-person service.
The service maintains partnerships with more than 100 correspondent banks and money transfer operators worldwide, including a recent strategic partnership with MoneyGram.
Key Features:
- Over 230 centers across Saudi Arabia
- Operating hours: 9:30 AM to 5:30 PM
- Instant transfers to 200+ countries
- Multiple delivery options (bank account, cash pickup, mobile wallet)
- Accessible through Al Rajhi Bank app, UrPay app, POS systems, ATMs, and branches
Tahweel Al Rajhi also offers free remittance insurance, making it attractive for those sending larger amounts or seeking additional security.
Contact: 8001190088
Enjaz (Bank AlBilad)
Enjaz operates as Bank AlBilad’s specialized remittance arm and recently became a separate entity licensed by SAMA as a Major Electronic Money Institution. The service offers comprehensive money transfer options through partnerships with Western Union, Transfast, and through its own Enjaz Easy network.
Key Features:
- Instant digital membership through app
- Supports 8 languages (Arabic, English, Urdu, Tagalog, Hindi, Malayalam, Bengali, Indonesian)
- Multiple access channels (app, self-service machines, POS devices, branches, ATMs)
- Transfer limits: SAR 50 to SAR 11,000 per transaction
- Up to 10 transactions per day
- Digital and physical card options
Enjaz frequently offers free international money transfer promotions through its electronic channels, making it cost-effective for regular users. The service is accessible through the Enjaz app, Bank AlBilad app, and over 800,000 Western Union agent locations worldwide.
Customer Service: 8005000300
Fawri (Bank AlJazira)
Fawri operates as Bank AlJazira’s money transfer service, providing remittance solutions to over 200 countries and territories through partnerships with MoneyGram and RIA, along with direct banking relationships.
The service operates through multiple branches across Saudi Arabia’s regions including Central, Western, Eastern, Northern, and Southern areas, ensuring nationwide accessibility.
International Services Operating in Saudi Arabia
Western Union
Western Union operates extensively in Saudi Arabia through multiple channels including its own app, Ersal centers, and partnerships with various banks and digital wallets. With over 200 agent locations across the Kingdom, Western Union provides one of the most accessible networks for international money transfers.
Key Features:
- Available through multiple partners (Barq, STC Bank, UrPay, Enjaz, Ersal)
- Over 550,000 agent locations in 200+ countries
- Cash pickup usually available within minutes
- Bank account deposits
- Real-time tracking (MTCN)
- Transfer fees starting from SAR 15 online
Users can send money through the Western Union app, online platform, or in-person at agent locations. The service accepts MADA card payments, making it convenient for Saudi residents.
Contact Numbers:
- 800 844 4067 (landline and STC)
- 800 850 0338 (Mobily and Zain)
Ersal
Ersal is a dedicated money transfer company licensed by the Saudi Central Bank, operating through an extensive network of Saudi Post (SPL) branches and standalone centers across the Kingdom. The service is backed by Saudi Post and Alinma Bank, providing strong institutional support.
Key Features:
- Licensed by Saudi Central Bank
- Western Union partnership
- Access to correspondent bank networks
- Over 200 countries coverage
- Competitive fees and exchange rates
- MADA and Apple Pay accepted
Ersal operates through both its mobile app and physical branches, offering flexibility in how customers initiate transfers. The service is available through self-service kiosks and traditional branch counters.
How to Choose the Right Money Transfer Service
When selecting a money transfer service in Saudi Arabia, consider these important factors:
1. Destination Country Different services may offer better rates or faster delivery to specific countries. For example:
- India: Most services offer competitive rates due to high demand
- Philippines: Digital wallets often provide quick mobile wallet delivery
- Pakistan: Many service providers offer free transfers
- Egypt, Bangladesh, Indonesia, Nepal: Check specific partnerships
2. Transfer Amount
- Small transfers (under SAR 1,000): Digital wallets often offer the best value
- Medium transfers (SAR 1,000 – 10,000): Compare fees across services
- Large transfers (over SAR 10,000): Traditional banks may provide better rates and higher limits
3. Speed Requirements
- Instant/Minutes: Digital wallets and Western Union cash pickup
- Same day: Most digital services
- 1-3 business days: Bank-to-bank transfers
4. Delivery Method
- Bank account deposit: Available through all major services
- Cash pickup: Western Union, MoneyGram, Ersal
- Mobile wallet: Barq, Tiqmo, STC Bank
- Home delivery: Available in some countries through specific services
5. Fees and Exchange Rates Always compare the total cost, which includes both:
- Transfer fees (can range from free to SAR 50+)
- Exchange rate markup (the difference between mid-market rate and offered rate)
Many services show fees upfront but may have less competitive exchange rates. Calculate the total amount your recipient will receive before deciding.
6. Accessibility
- Digital-first users: Barq, Tiqmo, STC Bank
- Need branch support: SNB QuickPay, Tahweel Al Rajhi, Enjaz
- 24/7 availability: SNB QuickPay, digital wallet services
- Language support: SNB QuickPay and Enjaz offer multiple languages
Tips for Safe and Cost-Effective Money Transfers
- Compare Rates Regularly: Exchange rates and fees change frequently. Check multiple services before each transfer.
- Use Digital Channels: Apps and online platforms typically offer lower fees than branch visits or call centers.
- Watch for Promotions: Services like SNB QuickPay, Tahweel Al Rajhi, and Enjaz regularly offer fee-free transfer periods or prize campaigns.
- Verify Recipient Details: Always double-check bank account numbers, names, and addresses to avoid delays or failed transfers.
- Keep Transaction Records: Save your tracking numbers (MTCN, reference numbers) and receipts until the recipient confirms receipt. (How to track money transfer)
- Understand Limits: Be aware of daily and monthly transfer limits for your chosen service, especially for digital wallets.
- Plan Around Holidays: Transfers during Saudi holidays or destination country holidays may experience delays.
- Use Official Apps: Download apps only from official sources (Apple App Store, Google Play) to avoid fraud.
Regulatory Framework and Safety
All money transfer services operating in Saudi Arabia must be licensed and regulated by the Saudi Central Bank (SAMA). This regulatory oversight ensures:
- Compliance with anti-money laundering (AML) regulations
- Know Your Customer (KYC) requirements
- Consumer protection standards
- Transaction security measures
- Dispute resolution mechanisms
When using any service, you’ll need to provide valid identification (Iqama for residents, National ID for Saudi citizens) as per SAMA regulations. This protects both senders and recipients from fraud.
Conclusion
Saudi Arabia offers expatriates a wide range of reliable money transfer options, from cutting-edge digital wallets to established banking networks. Whether you prioritize speed, cost, convenience, or comprehensive coverage, there’s a service that meets your needs.